All KPMG articles – Page 7
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Blog
EY holds fast to U.S. audit model; PwC silent
EY may be taking steps to draw a broader line between audit and consulting services in the U.K., but the U.S. firm has no such plans. Meanwhile, PwC is silent.
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BlogGrant Thornton forms audit quality advisory panel
Grant Thornton is joining the Big 4 in appointing more leadership to its firm governance to drive more focus on audit quality.
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Blog
PCAOB releases KPMG's 2016 report, 3 others
The PCAOB has published its report on KPMG’s scandal-ridden 2016 inspection, along with three other reports, describing high levels of audit deficiencies and mismanagement of quality.
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Blog
EY forms independent audit quality committee
EY has joined the rest of the Big Four in seeking independent consult on audit quality, forming a committee of outside experts to advise firm leaders.
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Blog
PCAOB report gives Deloitte its lowest deficiency rate
Deloitte & Touche’s recently published 2017 audit inspection report reflects the lowest deficiency rate the firm has ever earned.
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Blog
GE audit committee considers replacing KPMG as auditor
GE’s audit committee has initiated a tender process to consider replacing KPMG as its external auditor.
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Blog
Big Four split on solutions to industry’s problems
Deloitte and KPMG have gone further than EY and PwC in their comments to the current CMA review of the industry, but it seems unlikely the members of the Big Four won't get on the same page.
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ArticleFormer, current KPMG women seek class status in lawsuit
More than 1,100 women who are current and former KPMG professionals are seeking class status for their various allegations of gender discrimination.
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Blog
No change in audit-non-audit mix in U.S., KPMG says
Amid reports that KPMG is drawing a firmer line between audit and non-audit services in the United Kingdom, the firm has no similar plans in the United States.
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Blog
Workiva, KPMG alliance transforms risk management, regulatory reporting
Workiva, a data collaboration, reporting and compliance solutions provider, and U.S. audit, tax, and advisory firm KPMG recently announced an alliance to provide a strategic offering designed to help organizations transform and integrate their risk management, regulatory, and financial reporting and compliance processes by using the Workiva Wdesk platform.
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Blog
Third ex-KPMG partner pleads guilty in inspection leak
A third ex-KPMG partner has consented to a guilty plea in connection with charges of fraud and conspiracy in regulatory inspections.
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Blog
Ex-KPMG leader pleads guilty in inspection leak case
A former KPMG leader has pled guilty to four counts of fraud and conspiracy in connection with an operation to subvert the regulatory inspection process.
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Blog
Only three directors across Big 4 boards are independent
KPMG has appointed an independent member to its U.S. board, only the third such appointment across the entire Big 4.
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Blog
PCAOB calls out two-thirds of audits at BDO USA
The PCAOB has handed BDO USA another scathing inspection report, finding 67 percent of the audits examined in 2016 failed to comply with standards.
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Article
No easy answers for breaking up Big Four in U.K.
The last time the U.K.’s Competition and Markets Authority attempted to break up what is widely referred to as an oligopoly of the audit market by the Big Four audit firms—EY, PwC, Deloitte and KPMG—its actions had the opposite effect.
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Blog
Tax functions need high-tech tools, KPMG outlook says
Tax departments need to tool up to be ready for the kinds of tax planning that will occur in the coming 12 months, especially under tax reform, survey says.
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Blog
Still MIA: 2016 inspection report on KPMG
Audit regulators remain mum on when, if ever, they will publish a report on their 2016 inspection of Big 4 audit firm KPMG.
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Blog
KPMG, SAS alliance helps banks prepare for CECL
KPMG recently announced an alliance with SAS to help banks transition to a new accounting standard—current expected credit loss (CECL)—which will drastically change how financial institutions estimate, reserve, and report on losses.
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ArticleCompanies shift gears in final push to adopt lease rules
The countdown to new lease accounting is causing some companies to shift gears, concerned they can’t make the deadline following their original adoption plans.
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Blog
Angst over lease accounting grows, new polls say
A pair of new poll results suggest anxiety is growing at public companies that have five months remaining until new lease accounting rules take effect.